Structured in accordance with Section 125 of the Internal Revenue Code, Flexible Spending Accounts, often known as Cafeteria Plans, allow participants to create a benefits program to meet their personal needs.

By using pre-tax dollars to pay for health insurance premiums, dependant care, and out-of-pocket medical expenses, Flexible Spending Accounts reduce an employee’s taxable earnings. A welcome result of such reduction is that both the employer and employee tax burdens are lightened. Flexible Spending Accounts are an appreciated benefit and a smart choice for companies of all sizes.

Let HK design and implement a Flexible Spending Account program and third party administration for your company.

(888) 556-0123

HK Payroll Services is a business division of Honkamp Krueger and Co., PC, one of this nation’s top 100 CPA firms and the largest independently owned CPA firm in Iowa. Honkamp Krueger has offered professional payroll services for over 40 years. Our team of professionals includes Certified Payroll Professionals, Certified Public Accountants, and payroll tax specialists.

  
 
 

Want to know why outsourcing your payroll is a good idea? Click here to view 10 good reasons!


1. Reduce and control payroll operating costs.







2. Increase your company focus on core competencies.







3. Gain access to world-class payroll practices.







4. Reallocate internal resources for other operations.






5. Gain access to expertise not available in your firm.






6. Accelerate payroll reengineering benefits.







7. Handle payroll issues that are difficult to manage or are out of control.






8. Redeploy capital funds for other priorities.







9. Share risks with experts in payroll compliance.








10. Safeguard your data